SBI had its wonderful breakout and also finished its retracement level in a weekly timely frame, so give an entry with appropriate Stop loss
Aggressive traders enter at the breakout and conservative traders may give entry after retracement
After reaching our targets, trail your stop loss to get maximum profit from the stock in a single trade
🔰 MY thought process :
⭐Multiple supports at the triangles lower side and 3 times good reversal from the upper trendline
⭐Volume profile is showing its trading at the most crucial and most tradable supply demand zone, a breakout from the trendline might initiate a good upmove :)
⭐Risk : 206 can be taken as a good SL where we can take 225 as 1st target and 240 as...
IMPORTANT NOTE: Trade in 5 Min and 15 Min Time frame, the TradingView is not allowing to post in the smaller time frame and I'm not interested to buy premium plan so please trade as per given time frame and level and targets Thanks.
Bank Nifty trade analysis and level targets
BUY Above 35848 if the level breaks
and wait for price action to enter
SBI seem to be forming a Head and Shoulder pattern in the shorter time frame chart. The pattern to be completed needs the price to test the neck line placed near 420-418 levels and break below. The immediate targets for the set up, if it realizes can be 406/393. The stop loss needs to be placed above 436, which is slightly above the most recent high made intraday...
In the above analysis: I'm showing the both scenario may happen on GBPUSD pair with the help of simple SUPPORT/RESISTANCE.
GBPUSD is on a sideways from last 15 day at range of 1.42340 to 1.40990. So the analysis says: if it'll break this resistance(1.42340) then we will see a new high on GBPUSD after 3 years of downtrend or if it fail to...
Tomorrow I will trade carefully as per opening. If market opens above 14620 ..Then again I will buy on dip till market trade above 15550 -15520.
If Market opens below 15520 then I will sell on rise till 15620 . If market open between 115520- 15600 . we might see a range bound market .
Let the market set a range in 30 min and then set your trade accordingly.